There are a lot of credit cards I use to maximize my return on everyday spend, though at the moment I think I may have the best card “portfolio” I’ve ever had from a single issuer, specifically with Chase. This is thanks in part to two new products that Chase has introduced in the past year. At the moment I have the following four Chase cards, all of which I’m able to earn Ultimate Rewards points on:
- Ink Business Cash® Credit Card
- Chase Freedom FlexSM
- Chase Freedom Unlimited®
- Chase Sapphire Reserve® Card
Of those cards, only the Sapphire Reserve has an annual fee ($450), while the rest have no annual fees. The best part is that the no annual fee cards ordinarily earn cashback as rewards, though in conjunction with a card accruing premium Ultimate Rewards points, like the Chase Sapphire Preferred® Card and Ink Business Preferred® Credit Card, those points can be converted into “premium” Ultimate Rewards points, which can be transferred to the Ultimate Rewards airline and hotel partners.
How are these cards helping me maximize my return on spend?
These cards have some incredible category bonuses:
- Ink Business Cash® Credit Card: 5x points on the first $25,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services; 2x points on the first $25,000 spent annually at gas stations and restaurants
- Chase Freedom FlexSM: 5x points in rotating quarterly categories
- Chase Freedom Unlimited®: 1.5x points on everyday spend
- Chase Sapphire Reserve® Card: 3x points on dining and travel
How did I get approved for these cards?
- Ink Business Cash® Credit Card: I downgraded my Ink Plus® Business Credit Card to this card, given that this is the no annual fee version of it. In my case the annual fee version of the card wasn’t worthwhile, since I could transfer points to Ultimate Rewards anyway in conjunction with another “premium” Ultimate Rewards card.
- Chase Freedom FlexSM: I’ve had this card for years, and applied for and was approved for it directly
- Chase Sapphire Reserve® Card: I was recently approved for this card, though I had to jump through some hoops given Chase’s “5/24” rule; fortunately Chase Private Client helped me get around that
- Chase Freedom Unlimited®: Once I was approved for the Reserve Card, I decided to downgrade the Chase Sapphire Preferred® Card that I’ve had for years to the Freedom Unlimited given that it has no annual fee and lets me maximize my points on everyday spend.
In terms of my return on everyday spend, I don’t think I’ve ever done better than this:
- 5x points at office supply stores, on cellular and internet services, and in rotating quarterly categories
- 3x points on dining and travel
- 2x points on gas
- 1.5x points on everything else
That’s a pretty amazing return, especially since I value Ultimate Rewards points at ~1.7 cents each, meaning I’m earning a minimum return of ~2.55% on my spend.
Does anyone else have the perfect Chase quadfecta of cards, and love this combination as much as I do?